Ouster Inc (NYSE: OUST) is 23.21% higher on its value in year-to-date trading and has touched a low of $3.21 and a high of $11.40 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OUST stock was last observed hovering at around $9.60 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $9.45, the stock is 45.75% and 62.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing -1.56% at the moment leaves the stock 69.17% off its SMA200. OUST registered 35.74% gain for a year compared to 6-month gain of 105.43%. The firm has a 50-day simple moving average (SMA 50) of $3.17 and a 200-day simple moving average (SMA200) of -$0.77.
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The stock witnessed a 76.97% loss in the last 1 month and extending the period to 3 months gives it a 35.19%, and is -4.16% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.49% over the week and 10.68% over the month.
Ouster Inc (OUST) has around 202 employees, a market worth around $384.33M and $83.28M in sales. Profit margin for the company is -449.22%. Distance from 52-week low is 194.39% and -17.11% from its 52-week high. The company has generated returns on investments over the last 12 months (-154.29%).
Ouster Inc quarterly earnings per share for the current quarter are estimated at -$0.79 with sales reaching $25.44M over the same period.The EPS is expected to grow by 47.06% this year, but quarterly earnings will post 40.10% year-over-year. Quarterly sales are estimated to grow 47.60% in year-over-year returns.
Ouster Inc (OUST) Top Institutional Holders
137 institutions hold shares in Ouster Inc (OUST), with institutional investors hold 36.51% of the company’s shares. The shares outstanding are 43.26M, and float is at 21.49M with Short Float at 20.49%. Institutions hold 30.74% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 1.9 million shares valued at $9.36 million. The investor’s holdings represent 4.80% of the OUST Shares outstanding. As of Jun 29, 2023, the second largest holder is Tao Capital Management, LP with 1.13 million shares valued at $5.56 million to account for 2.85% of the shares outstanding. The other top investors are Penn Capital Management Co., Inc. which holds 0.71 million shares representing 1.81% and valued at over $3.53 million, while Blackrock Inc. holds 1.76% of the shares totaling 0.7 million with a market value of $3.44 million.
Ouster Inc (OUST) Insider Activity
The most recent transaction is an insider sale by WEINSWIG MARK,the company’sChief Financial Officer. SEC filings show that WEINSWIG MARK sold 19,990 shares of the company’s common stock on Apr 02 ’24 at a price of $9.35 per share for a total of $0.19 million. Following the sale, the insider now owns 0.24 million shares.
Ouster Inc disclosed in a document filed with the SEC on Apr 01 ’24 that Chung Megan (General Counsel and Secretary) sold a total of 5,776 shares of the company’s common stock. The trade occurred on Apr 01 ’24 and was made at $7.96 per share for $45976.0. Following the transaction, the insider now directly holds 0.16 million shares of the OUST stock.
Still, SEC filings show that on Mar 18 ’24, SPENCER DARIEN (Chief Operating Officer) disposed off 286 shares at an average price of $4.84 for $1384.0. The insider now directly holds 252,873 shares of Ouster Inc (OUST).
